US Dollar Advances Against Euro, British Pound as Stocks Meet Resistance

The US Dollar extended gains against the Euro and the British Pound in overnight trading as an index of global stock performance tested key resistance, fueling demand for safe-haven assets. With no data on the economic calendar, risk trends are likely to dominate price action in European trading hours. The Euro extended losses in overnight trading, testing as low as 1.2967 to the US Dollar. The British Pound followed suit, slipping as much as -0.7% against the greenback.